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Here are the Winners and Losers From Singapore s Smaller Budget

Here are the Winners and Losers From Singapore’s Targeted Budget Bloomberg 2/17/2021 © Photographer: ROSLAN RAHMAN/AFP People at Changi International Airport in Singapore. (Bloomberg) Singapore’s budget targeting just a few sectors of the country’s pandemic-hit economy for support will do little to significantly boost the country’s lagging stock market although some sectors like aviation and green energy are set to benefit, say analysts. The benchmark Straits Times Index, among Asia’s worst performing gauges last year, dropped as much as 0.9% on Wednesday after closing near the day’s low in the previous session. Analysts see aviation stocks as key winners, and property stocks, a key component of the benchmark, as losers.

Banks, Property Stocks Could be Losers From Singapore s Budget

Banks, Property Stocks Could Be Losers in Singapore’s Budget Bloomberg 2/15/2021 Ishika Mookerjee and Abhishek Vishnoi (Bloomberg) Equity investors expecting a big boost for Singapore’s benchmark index from its upcoming annual budget could be disappointed: heavyweight blue chips are unlikely to benefit from government largesse. Aimed at reversing the nation’s worst economic contraction since it became independent in 1965, Tuesday’s budget is set to focus on the pandemic-hit travel sector or firms with mandates in line with green or digital initiatives, say analysts. That’s bad news for the benchmark Straits Times Index, which has risen 3.5% so far this year. The gauge is lagging the broader MSCI Asia Pacific Index by six percentage points even though Singapore has managed to contain the spread of the virus.

Stocks to watch: Singtel, MCT, Keppel Infra Trust, Frasers Hospitality Trust

Must-reads, Singapore News & Top Stories - The Straits Times

President Rodrigo Duterte yesterday added to the sense of outrage in the Philippines after seeing the video of an off-duty policeman killing in cold blood a mother and her son. I don t think that you can escape the rigours of justice because it was caught on TV. Even I am dumbfounded, he said.  SINGAPORE A court battle between the children of the man who founded Eng s wonton noodles and a business partner fizzled out yesterday, with each side losing its claims against the other. But with a trademark dispute still before the court, the war over the wonton mee business is far from over. 

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